HomeMy WebLinkAboutCity Council Resolutions (R-11-3389)-08/17/2011RESOLUTION R-11-3389
A RESOLUTION AWARDING FA~ADE IMPROVEMENT GRANT AND INTERIOR
IMPROVEMENT GRANT TO TOM AND YING AIKENS, Y2KITCHEN LLC
WHEREAS, the City of Colleyville City Council unanimously adopted Economic
Development Incentive Guidelines and Criteria through Resolution R-11-
3387 on August 2, 2011; and
WHEREAS, the City's Economic Development Incentive Guidelines and Criteria
include an incentive program for fa~ade improvements, signage removal
and replacement and tenant improvements to facilitate destination
restaurants and retailers, which are to be reviewed by an Architectural
Review Commission; and
WHEREAS, Colleyville property owners Tom and Ying Aikens have made application
through Y2Kitchen LLC for a fa~ade improvement grant of $15,000 and a
tenant improvement grant of $15,000 for improvements to the structure at
5003 Colleyville Boulevard with projected construction expenses of
$220,166; and
WHEREAS, the Architectural Review Commission has reviewed the applicant's site
plan and elevations and unanimously recommended City Council approval
and funding of this project with the following conditions:
• the exterior fa~ade be built per the building elevations submitted with
the application as shown in Exhibit "A"
• the building will have a standing seam metal roof of a darker red,
coordinating with the tile roof color
• the building articulation around the perimeter will have a minimum
design score of plus 30
• the building will include a free-formed, backlit sign (not a retail box
sign) visible from SH 26 or the west elevation, as described by the
applicant
• the building materials will be of a color palette that matches the color
' scheme of the current submittal, as shown in Exhibit "A"
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1. THAT the Colleyville City Council hereby awards a grant of $30,000 to the
Y2Kitchen LLC for farade and interior improvements at 5003 Colleyville
Boulevard, to be funded out of the City's Strategic Initiatives Fund
Resolution R-11-3389
Page 2 of 2
Sec. 2. THAT City staff shall subsequently negotiate and execute an agreement
for the disposition of said grant.
Sec.3. THAT no grant monies shall be expended until such time that all
improvements are completed and inspected by City staff.
Sec. 4. THAT the executed agreement between the City and Y2Kitchen LLC will
include a provision for repayment of the grant should the building be sold
or not maintain at least one sales tax-generating tenant for three years
after the improvements are completed.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF AYES, , NAYS ND ~
ABSTENTIONS ON THIS THE DAY OF 2011.
ATTEST•
.
ynthia Singleton,
City Secretary
CITY OF COLLEYVILLE
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TRMC, C David Kelly
Mayor
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